Introduction Of facility of payment of rebate/refund claim amount directly to Exporters Bank account instead of issuance of cheques

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....ch Date: 15-05-2012 Trade Notice No: 1/2012 Sub:- Introduction Of facility of payment of rebate/refund claim amount directly to Exporters Bank account instead of issuance of cheques - reg. 1. Attention of the members of Trade, Industry and all concerned is invited to the subject matter mentioned above. At present, as a matter of practice, the amounts sanctioned towards rebate/ refund c....

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.... I and II. 3. The procedure under the new facility is as under: i. For all fresh claims filed on or after 1st June, 2012, the claimants shall provide one tune authorization in duplicate in the format annexed to this Trade Facilitation Notice in original. ii. For all pending claims where rebate orders have not been Issued, the claimants shall provide the necessary authorization....

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.... by the Assistant/ Deputy Commissioner and the cheque for the consolidated rebate/refund amount quantified in the above manner, the bank would make payment to the respective claimants in their accounts through NEFT/RTGS after deducting the applicable NEFT/RTGS charges as per RBI guidelines. The said Bank will forward a scroll Indicating the Name of Bank, Branch, A/c No and the total amount transfe....